Dow jumps 520 points as investors cheer inflation slowdown
Signs that inflation is continuing to cool helped propel Wall Street to its strongest month in more than a year.
Nasdaq
Oil prices surge amid Israel-Hamas war
Oil prices rose 5% Friday amid the war between Israel and Hamas. J.D. Durkin, host of "The Street," joins CBS News to discuss what the spike means for U.S. investors.
A look at Instacart's stock market debut
San Francisco-based grocery delivery company Instacart made its Nasdaq debut on Tuesday, closing at about a 12% gain. Natalie Lung, a technology reporter for Bloomberg, joins CBS News to discuss Instacart's transition to a public company.
Biden economic adviser on credit downgrade
Fitch Ratings, one of three major credit firms, downgraded the U.S. credit rating from AAA to AA+ on Tuesday. The Dow Jones, Nasdaq and S&P 500 all closed in the red one day after the news. Bharat Ramamurti, National Economic Council deputy director, joined CBS News to discuss how the Biden administration is reacting to the downgrade.
Economic impact of excessive heat
An extreme summer heat wave has blanketed most of the U.S. this week. Excessive heat is currently estimated to cost the U.S. economy $100 billion annually. TheStreet host J.D. Durkin and Axios economics reporter Courtenay Brown join CBS News to break down the economic impact of climate change.
What's closed and what's open on Juneteenth 2023
Since Juneteenth gained formal recognition in 2021 as a national U.S. holiday, all non-essential federal offices close in observance.
Stocks close strong as debt talks improve
The Dow Jones, the S&P 500 and the Nasdaq closed in the green Friday, as investors reacted to negotiators making progress in the debt ceiling standoff. Javier David, Axios managing editor for business and markets, and J.D. Durkin, host of TheStreet, joined CBS to explain what the numbers mean for investors and the economy.
Retail earnings show mixed results
Stocks closed in the green Wednesday, as investors react to the debt ceiling negotiations and new earnings data. Wall Street Journal markets reporter Hannah Miao joined CBS to explain what the information means for investors and consumers.
Consumer debt passes $17 trillion
Stocks closed relatively flat as investors reacted to new consumer debt and mortgage data. Sanders Morris Harris chairman George Ball spoke with CBS News about what the numbers mean for investors and the economy.
Regional bank stocks tumble
The Dow Jones ended the day in the red Thursday, as investors react to new consumer price index and producer price index data. Opus: Advice First CEO Nancy Daoud spoke with Lana Zak and Errol Barnett about what the new numbers mean for the economy.
Investors monitoring debt ceiling, inflation data
Stocks closed flat Tuesday as investors await an agreement on the federal debt ceiling and new economic data on inflation. AlphasFuture founder and investment manager Geetu Sharma joined CBS News to discuss what the new information will mean for investors.
Regional bank stocks lead market decline
The Dow Jones fell more than 200 points Thursday as regional bank stocks plummeted. Wall Street Journal banking and finance reporter Ben Eisen spoke with CBS News' Lana Zak and Errol Barnett about what the development means for investors.
Fed indicates pause after latest rate hike
Stocks fell Wednesday after the Federal Reserve raised U.S. interest rates by a quarter of a percentage point. Wall Street Journal economics reporter Harriet Torry spoke with CBS News about how the increase impacts investors and consumers.
Rate hike expected Wednesday
The Dow Jones slid by more than 300 points Tuesday, as investors react to plunging regional bank shares. Landsberg Bennett, chief investment officer for Private Wealth Management, joined CBS News to discuss what the developments could mean for the economy going forward.
How markets reacted to bank seizure
Stocks closed flat Monday following the FDIC's seizure and sale of First Republic Bank. And the Fed is expected to make its latest decision on interest rates soon. CapWealth Chief Investment Officer Tim Pagliara joined CBS News to discuss what the developments mean for the market and economy going forward.
Consumer spending strong despite slowing GDP
The stock market closed in positive territory Thursday despite the latest GDP report from the the Commerce Department showing that the economy grew at an annual rate of only 1.1% in the first quarter of 2023. Lori Bettinger, president of BancAlliance, spoke with CBS News about what the latest GDP figures mean for investors and consumers going forward.
Market concern on bank earnings, debt ceiling
The Dow Jones closed in the red Wednesday as investors reacted to earnings reports and falling shares of First Republic Bank. Axios markets correspondent Emily Peck joined CBS News to discuss what this means for investors and the economy.
Stocks slide after earnings reports
Stocks closed in the red across the board Tuesday, as investors react to first quarter earnings reports. CenterSquare senior investment strategist Uma Moriarity spoke with Errol Barnett about what the results mean for investors going forward.
Investors react to earnings reports
Stocks closed down slightly on Thursday as investors reacted to mixed earnings reports and new weekly jobless claims numbers. CenterSquare Investment Management senior strategist Uma Moriarity joined CBS news to discuss what the developments mean for investors.
Investors respond to earnings from banks
The stock market closed relatively flat Wednesday, as investors react to new earnings reports from large businesses. Opus: Advice First CEO Nancy Daoud spoke with CBS News' Errol Barnett and Lana Zak about how the numbers could impact the market going forward.
Reaction to latest inflation numbers
The stock market closed relatively flat Wednesday following the release of the new inflation data in the Consumer Price index. BancAlliance president Lori Bettinger joined CBS News to discuss what the information means for investors.
Crypto stocks jump
The Dow Jones closed Tuesday in the green, as investors await reports on the March consumer and producer price indexes. Axios Business reporter Nathan Bomey spoke with Lana Zak and Lilia Luciano about how the information could impact future interest rate hikes.
March jobs report shows solid growth
The stock market closed relatively flat Monday, after being closed for Good Friday. The lack of movement comes days ahead of the release of the March consumer and producer price index reports. Waddell and Associates CEO David Waddell spoke with CBS News about what investors can expect.
Biden calls for more banking regulations
The stock market closed higher Thursday as President Biden called for increased oversight into banking regulations. New Constructs CEO David Trainer joined CBS News to break down investors' reactions.
Investors mull latest interest rate hike
CBS News business analyst Jill Schlesinger and J.D. Durkin, host of "The Street," join Errol Barnett and Elaine Quijano to discuss this week's market movers on Wall Street.
Latest News
Renewed concerns for civilians as Israel intensifies southern Gaza assault
Israel is pounding targets in the southern Gaza Strip, intensifying a renewed offensive after a weeklong truce with Hamas and giving rise to renewed concerns about civilian casualties.
Chris Christie may not appear on Republican primary ballot in Maine
The former New Jersey governor fell short of the minimum 2,000 signatures needed from Maine voters to qualify for the state's Republican presidential primary.
COVID-19 increasing again, especially in Midwest, Mid-Atlantic, CDC says
Cases of other respiratory illnesses, including flu and RSV, are also on the rise.
Inside the fight against methane gas amid milestone pledges at COP28
Methane is an invisible gas that is rapidly heating up the atmosphere.
United Auto Workers calls for cease-fire in Gaza
Other labor organizations have shared their support for a cease-fire in the war-torn region.
Derek Chauvin was stabbed 22 times in federal prison attack, charges say
The U.S. Attorney's Office identified the alleged perpetrator as 52-year-old John Turscak. He now faces charges of attempted murder, assault with intent to commit murder, assault with a dangerous weapon, and assault resulting in serious bodily injury.
Sandra Day O'Connor, first woman on the Supreme Court, dies at 93
Sandra Day O'Connor was appointed to the U.S. Supreme Court by President Ronald Reagan in 1981, and she retired in 2006.
Judge rejects Trump's motion to dismiss 2020 election interference case
Judge Tanya Chutkan ruled that former President Donald Trump cannot be shielded from criminal protection after leaving office for alleged conduct from his time in office.
2 homeless people killed, another 3 wounded in Las Vegas shooting
This comes after Los Angeles officials reported Friday that they are seeking a suspected serial killer in the murders of three homeless people this week.
U.S.
More U.S.
Chris Christie may not appear on Republican primary ballot in Maine
The former New Jersey governor fell short of the minimum 2,000 signatures needed from Maine voters to qualify for the state's Republican presidential primary.
Inside the fight against methane gas amid milestone pledges at COP28
Methane is an invisible gas that is rapidly heating up the atmosphere.
Renewed concerns for civilians as Israel intensifies southern Gaza assault
Israel is pounding targets in the southern Gaza Strip, intensifying a renewed offensive after a weeklong truce with Hamas and giving rise to renewed concerns about civilian casualties.
2 homeless people killed, another 3 wounded in Las Vegas shooting
This comes after Los Angeles officials reported Friday that they are seeking a suspected serial killer in the murders of three homeless people this week.
Texas must remove floating Rio Grande border barrier, appeals court rules
The 5th U.S. Circuit Court of Appeals upheld a lower court ruling and ordered Texas to stop any work on the roughly 1,000-foot barrier.
MoneyWatch
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Auto industry eyes subscription fees as multi-billion-dollar revenue stream
General Motors projects subscription fees to bring in as much as $25 billion a year by 2030.
Walmart says it has stopped advertising on Elon Musk's X platform
Retail giant joins other big advertisers that are distancing themselves from X following Musk's support for an antisemitic post.
2023 was brutal for homebuyers. Here's what to expect in 2024.
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
Here's what to know about the deadly cantaloupe salmonella outbreak
Cantaloupes contaminated with the bacteria have been linked to more than 100 illnesses and two deaths, health officials said.
Some retailers are telling customers to just keep unwanted goods
Ordered something online you want to return? Some retailers say, "Keep it," and they'll still give you your money back.
Politics
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United Auto Workers calls for cease-fire in Gaza
Other labor organizations have shared their support for a cease-fire in the war-torn region.
Chris Christie may not appear on Republican primary ballot in Maine
The former New Jersey governor fell short of the minimum 2,000 signatures needed from Maine voters to qualify for the state's Republican presidential primary.
George Santos has been expelled from Congress. What happens next?
The House has voted to expel Santos. That triggers a special election to replace him in New York's 3rd Congressional District.
Texas must remove floating Rio Grande border barrier, appeals court rules
The 5th U.S. Circuit Court of Appeals upheld a lower court ruling and ordered Texas to stop any work on the roughly 1,000-foot barrier.
Judge rejects Trump's motion to dismiss 2020 election interference case
Judge Tanya Chutkan ruled that former President Donald Trump cannot be shielded from criminal prosecution after leaving office for alleged conduct during his time in office.
HealthWatch
More HealthWatch
COVID-19 increasing again, especially in Midwest, Mid-Atlantic, CDC says
Cases of other respiratory illnesses, including flu and RSV, are also on the rise.
Pneumonia cases in U.S. kids not linked to China outbreak, experts say
What to know about the pneumonia cases affecting children in the U.S., as well as expert advice on how to protect kids from respiratory illnesses.
Balance of Nature says it is back in business after FDA shutdown
A federal court had ordered the company to pause making and selling its products.
How to spend your FSA dollars before they expire
The end of the year is approaching, which means it's time to think about what's left in your Flexible Spending Account, or FSA, before you lose it. Here's what you can spend the balance on.
Aziza Shuler opens up about alopecia
For most of her life, CBS News Philadelphia anchor Aziza Shuler hid her battle with alopecia. Recently, the weekend anchor opened up about her experience with the condition, and is sharing her story with CBS News' David Begnaud.
World
More World
Renewed concerns for civilians as Israel intensifies southern Gaza assault
Israel is pounding targets in the southern Gaza Strip, intensifying a renewed offensive after a weeklong truce with Hamas and giving rise to renewed concerns about civilian casualties.
Italian city of Bologna braces for collapse of leaning Garisenda Tower
The city of Bologna is building a protective fence around the iconic Garisenda Tower in case it collapses.
70-year-old woman gives birth to twins in Uganda, doctor says
"At 70 years when I'm considered weak, unable to get pregnant and deliver, or look after a baby, and here is a miracle of the twins," the mother said.
Taylor Swift attends premiere for "RENAISSANCE: A Film By Beyoncé"
Beyoncé attended a star-studded premiere in London with guests such as Taylor Swift, who debuted her own concert film earlier this year and received support from Beyoncé.
Zelenksyy laments slow progress, but vows Ukraine "not backing down"
Ukrainian leader Volodymyr Zelenskyy says a lack of necessary weapons from allies is partly to blame for the slow progress in his country's counteroffensive against Russia.
Entertainment
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Entertainment
Beach Fossils perform "Run To The Moon"
Veteran indie rockband Beach Fossils was formed 15 years ago in Brooklyn by frontman Dustin Payseaur. They've earned a loyal fanbase and recently toured with Post Malone before heading out on their own, ongoing headline tour. From their latest album "Bunny," here's Beach Fossils with "Run to the Moon."
Beach Fossils perform "Sleeping On My Own"
Veteran indie rockband Beach Fossils was formed 15 years ago in Brooklyn by frontman Dustin Payseaur. They've earned a loyal fanbase and recently toured with Post Malone before heading out on their own, ongoing headline tour. From their latest album "Bunny," here's Beach Fossils with "Sleeping On My Own."
Beach Fossils perform "Don't Fade Away"
Veteran indie rockband Beach Fossils was formed 15 years ago in Brooklyn by frontman Dustin Payseaur. They've earned a loyal fanbase and recently toured with Post Malone before heading out on their own, ongoing headline tour. From their latest album "Bunny," here's Beach Fossils with "Don't Fade Away."
Taylor Swift attends premiere for "RENAISSANCE: A Film By Beyoncé"
Beyoncé attended a star-studded premiere in London with guests such as Taylor Swift, who debuted her own concert film earlier this year and received support from Beyoncé.
Judge hears Hall and Oates legal battle
In a legal battle between one of pop music's most iconic duos, Hall and Oates, a judge has sided with Daryl Hall's request to temporarily block his former parter, John Oates, from selling his share of the group's business partnership. CBS News' Vlad Duthiers has more.
Technology
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Technology
Automakers turn to subscription fees
Automakers, including General Motors, Ford and BMW, are charging drivers subscription fees to use certain state-of-the-art features, such as remote locking and hands-free cruise control. Carter Evans has details.
Amazon unveils new AI chatbot for companies
Amazon has introduced a new chatbot powered by artificial intelligence, called Amazon Q. The AI assistant is focused on assisting businesses, not consumers. Jason Hinder, editor-in-chief for ZDNET, joined CBS News to discuss the new chatbot.
Sports Illustrated, AI and the future of news
What happens when a legacy media outlet turns to artificial intelligence? Seth Lewis, professor and director of journalism at the University of Oregon, joins CBS News to dig into the recent reporting about Sports Illustrated and AI — and what it reveals about the future of news.
Cyberattack on hospital chain causes chaos
A major ransomware attack affected 30 hospitals and more than 200 health care sites across six states. CBS News homeland security and justice reporter Nicole Sganga looks at what happened to some patients.
Elon Musk says advertiser boycott at X could "kill the company"
The billionaire owner of X took a defensive tone, saying that "the whole world will know that those advertisers killed the company."
Science
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Science
U.S. commits to promote sustainable farming
The U.S. will participate in the United Arab Emirates' declaration to promote sustainable agriculture, Secretary of State Antony Blinken announced at the COP28 climate summit in Dubai. CBS News national correspondent Dave Malkoff joins to unpack the overarching goals of the conference.
Nature conservation and the climate crisis
The Wildlife Conservation Society believes preserving nature can help solve the problems associated with climate change. Monica Medina, president and CEO of the Wildlife Conservation Society, joined CBS News to talk about her organization's goals at the COP28 climate summit in Dubai.
Breaking down day one of COP28 in Dubai
The United Nations Climate Change Conference, known as COP28, kicked off Thursday in Dubai, and delegates already agreed to a major deal. CBS News senior national and environmental correspondent Ben Tracy has more.
COP28 climate summit draws controversy
World leaders working to combat climate change kicked off the annual COP28 climate summit Thursday by adopting a loss and damage fund for natural disasters. CBS News senior national and environmental correspondent Ben Tracy has more.
Why COP climate meetings matter
The annual United Nations climate summit, COP28, is officially underway with world leaders seeking agreement on goals and strategies to address climate change. CBS News' Anne-Marie Green has more on what these summits do and why they are important. And CBS News senior national and environmental correspondent Ben Tracy has a look at President Biden's climate change record.
Crime
More Crime
2 homeless people killed, another 3 wounded in Las Vegas shooting
This comes after Los Angeles officials reported Friday that they are seeking a suspected serial killer in the murders of three homeless people this week.
Revisiting the LIRR massacre, 30 years later
Dec. 7, 2023, marks 30 years since a gunman killed six people and injured 19 others on a Long Island railroad train. CBS New York reporter Carolyn Gusoff speaks with survivors about the state of U.S. gun laws.
Inmate charged in stabbing of Derek Chauvin
Federal prosecutors said former Minneapolis police officer Derek Chauvin, who was found guilty of murdering George Floyd, was stabbed 22 times by a fellow inmate in a federal prison in Arizona last month. The 52-year-old suspect has been charged with attempted murder.
Did the embarrassment of home foreclosure lead to murder?
Prosecutors say a man staged his wife's death 24 hours before they were expected to be evicted from their home to save himself from shame.
Derek Chauvin was stabbed 22 times in federal prison attack, charges say
The U.S. Attorney's Office identified the alleged perpetrator as 52-year-old John Turscak. He now faces charges of attempted murder, assault with intent to commit murder, assault with a dangerous weapon, and assault resulting in serious bodily injury.
Space
More Space
NASA "unlikely" to launch Artemis moon landing flight in 2025, GAO says
NASA is facing challenges with SpaceX's moon lander and the new Axiom spacesuits for moonwalkers.
New solar system with rare, perfectly in-sync planets found in Milky Way
Astronomers have discovered six planets orbiting a bright, nearby star in perfect synchrony like a grand cosmic orchestra.
Scientists discover "in-sync" solar system
Scientists have discovered a six-planet solar system in the Milky Way that astronomers say has been untouched by outside forces since its birth billions of years ago. The six planets orbit a star "perfectly" in sync. Derrick Pitts, chief astronomer at the Franklin Institute, joined CBS News to talk about the discovery.
Mars' landscape captured in newly released images
NASA revealed multiple new panoramic images of clouds and dust in Mars' skies, as well as one of its tiny two moons, taken last May.
North Korea launches spy satellite into orbit, state media says
North Korea attempted to launch a surveillance satellite into orbit two other times this year without success.
Latest Galleries
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Matthew Trussler murder: Inside the case
Matthew Trussler was found dead at the home he shared with his fiancée Melissa Turner. See the evidence that led to authorities piecing together his death.
Catching a killer clown
Marlene Warren answered the door to her Wellington, FL, home and was fatally gunned down by a mysterious clown. Despite eyewitnesses, circumstantial evidence, and the identification a suspect early on, it would take more than 30 years for her killer to face justice.
Notable Deaths in 2023
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Becky Bliefnick texted about fear of her estranged husband
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
The crime scene evidence that convicted Alex Murdaugh
Inside South Carolina's "trial of the century" — how investigators built their case
Latest Videos
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Latest Videos
Eye Opener: Woman sets herself on fire in Atlanta
A woman set herself on fire outside the Israel consulate in Atlanta in what officials called an act of political protest. Meanwhile, Russian president Vladimir Putin signed an order to add thousands of more troops to the war in Ukraine. All that and all that matters in today’s Eye Opener.
In bipartisan vote, House expels Santos
The House voted by an overwhelming 311-114 margin Friday to expel embattled Republican Rep. George Santos of New York. Santos became just the sixth House member in U.S. history to be expelled. The move followed a scathing report from the House Ethics Committee that determined Santos, who is facing federal charges, had misused campaign funds. Scott MacFarlane has the latest.
Beach Fossils perform "Run To The Moon"
Veteran indie rockband Beach Fossils was formed 15 years ago in Brooklyn by frontman Dustin Payseaur. They've earned a loyal fanbase and recently toured with Post Malone before heading out on their own, ongoing headline tour. From their latest album "Bunny," here's Beach Fossils with "Run to the Moon."
Beach Fossils perform "Sleeping On My Own"
Veteran indie rockband Beach Fossils was formed 15 years ago in Brooklyn by frontman Dustin Payseaur. They've earned a loyal fanbase and recently toured with Post Malone before heading out on their own, ongoing headline tour. From their latest album "Bunny," here's Beach Fossils with "Sleeping On My Own."
Beach Fossils perform "Don't Fade Away"
Veteran indie rockband Beach Fossils was formed 15 years ago in Brooklyn by frontman Dustin Payseaur. They've earned a loyal fanbase and recently toured with Post Malone before heading out on their own, ongoing headline tour. From their latest album "Bunny," here's Beach Fossils with "Don't Fade Away."